With unprecedented access, the veteran New York Times reporter and editorial writer who covered New York City and state politics offers a revealing portrait of one of the richest and famously private/public figures in the country. Business genius, inventor, innovator, publisher, philanthropist, activist, sly wit, and potential presidential candidate Michael Bloomberg.
Michael Bloomberg’s life sounds like an exaggerated version of The American Story, except his adventures are real.
From modest Jewish middle class (and Eagle Scout) to Harvard MBA to Salomon Brothers hot shot (where he gets “sent upstairs” and later fired) to creator of the machine that would change Wall Street and the rest of the world and make him a billionaire (a description by the author makes the invention clear to non-engineers).
Randolph’s account of Bloomberg’s life and time reads almost like a novel, a quintessentially American story. She explains the “machine” he invented that gave and continues to give instant access to an infinite amount of information to bankers and investors on how, what, and where to invest, and how it changed the financial universe.
Randolph recounts one day not long ago when the Bloomberg machine briefly blipped and the whole world’s financial marketplace came to a halt.
Randolph recounts Mayor Bloomberg’s vigorous approach to New York city’s care—including his attempts at education reform, contract control, anti-smoking and anti-obesity campaigns, green climate control, and his political adventures with both aides and opponents.
After a surprising third term as Mayor, Bloomberg returned to his business and doubles its already tremendous worth. The chapter that describes this is one of the most revealing of his temperament and energy and vision as well as how he spends his “private” time—private but convivial.
Bloomberg’s philanthropies are education, anti-NRA, and supporting a cleaner environment. He is a moderate liberal in a time when that quality holds the future of the Democratic Party and the country to account.
Eleanor Randolph is a veteran journalist who has covered national politics and the media for The Washington Post, the Los Angeles Times, and other newspapers. Her articles have appeared in Vogue, Esquire, the New Republic, and other magazines. A member of the New York Times editorial staff from 1998 to 2018, she focused on city and state politics, media, and Russia. The author of The Many Lives of Michael Bloomberg, she lives in Manhattan with her husband.